Sunrun (RUN) Lowered to C+ at TheStreet

TheStreet cut shares of Sunrun (NASDAQ:RUN) from a b- rating to a c+ rating in a research report sent to investors on Friday morning, TheStreetRatingsTable reports.

A number of other brokerages have also recently issued reports on RUN. ValuEngine upgraded shares of Sunrun from a buy rating to a strong-buy rating in a research note on Friday, March 1st. Credit Suisse Group set a $24.00 price objective on shares of Sunrun and gave the company a buy rating in a research note on Friday, March 1st. Zacks Investment Research upgraded shares of Sunrun from a hold rating to a buy rating and set a $18.00 price objective for the company in a research note on Wednesday, March 6th. Finally, BidaskClub cut shares of Sunrun from a strong-buy rating to a buy rating in a research note on Thursday, March 7th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Sunrun has a consensus rating of Buy and a consensus target price of $16.94.

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NASDAQ:RUN opened at $14.16 on Friday. The firm has a market cap of $1.60 billion, a P/E ratio of 61.57, a P/E/G ratio of 0.57 and a beta of 0.56. Sunrun has a one year low of $8.01 and a one year high of $17.09. The company has a quick ratio of 1.03, a current ratio of 1.24 and a debt-to-equity ratio of 1.61.

Sunrun (NASDAQ:RUN) last released its earnings results on Thursday, February 28th. The energy company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.51). The company had revenue of $240.12 million for the quarter, compared to analyst estimates of $177.45 million. Sunrun had a net margin of 3.51% and a return on equity of 2.09%. As a group, analysts forecast that Sunrun will post 1.18 earnings per share for the current fiscal year.

In other news, major shareholder Tiger Global Management Llc bought 766,201 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was acquired at an average price of $16.26 per share, for a total transaction of $12,458,428.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Steven Vassallo sold 33,945 shares of the stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $15.04, for a total transaction of $510,532.80. Following the sale, the director now owns 39,810 shares of the company’s stock, valued at approximately $598,742.40. The disclosure for this sale can be found here. Insiders have sold a total of 578,290 shares of company stock valued at $9,129,864 in the last quarter. 19.45% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in RUN. Benjamin F. Edwards & Company Inc. bought a new stake in Sunrun during the 4th quarter worth about $27,000. Trust Co. of Vermont grew its holdings in Sunrun by 500.6% during the 4th quarter. Trust Co. of Vermont now owns 3,111 shares of the energy company’s stock worth $34,000 after acquiring an additional 2,593 shares during the last quarter. Rehmann Capital Advisory Group grew its holdings in Sunrun by 363.8% during the 4th quarter. Rehmann Capital Advisory Group now owns 3,789 shares of the energy company’s stock worth $41,000 after acquiring an additional 2,972 shares during the last quarter. Bank of Montreal Can grew its holdings in Sunrun by 1,008.2% during the 4th quarter. Bank of Montreal Can now owns 7,403 shares of the energy company’s stock worth $81,000 after acquiring an additional 6,735 shares during the last quarter. Finally, NumerixS Investment Technologies Inc grew its holdings in Sunrun by 54.7% during the 4th quarter. NumerixS Investment Technologies Inc now owns 9,900 shares of the energy company’s stock worth $105,000 after acquiring an additional 3,500 shares during the last quarter. Institutional investors and hedge funds own 85.56% of the company’s stock.

About Sunrun

Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.